Sebi bars Future Group CEO Kishore Biyani from accessing sec

Sebi bars Future Group CEO Kishore Biyani from accessing securities market for 1 year


Sebi bars Future Group CEO Kishore Biyani from accessing securities market for 1 year
Kishore Biyani (Photo: Mint)
Kishore Biyani has also been barred from buying, selling or dealing in securities of Future Retail for 2 years
Future Corporate Resources and the two Biyani brothers will each need need to pay a penalty of ₹1 crore within 45 days, Sebi said
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Markets regulator Sebi has barred Future Group CEO Kishore Biyani and his brother Anil rom accessing securities market for a period of 1 year in a case pertaining to alleged insider trading between March and April 2017.
Biyani has also been barred from buying, selling or dealing in securities of Future Retail for 2 years. Sebi said it reached the decision on Biyani after probe into 2017 case in use of unpublished price sensitive information to trade in Future Retail shares.

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